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Timeline of bankruptcy events

What happens before, during and after bankruptcy
Bankruptcy Timeline
Warning! Bankruptcy approaching Alert! Bankruptcy dead ahead Cut back Seek an attorney Prepare Seek counseling File bankruptcy Personal financial course Finance a vehicle 341 meeting Chapter 7: Discharge FHA-insured mortgage Unsecured credit card Purchase home FHA-insured mortgage Chapter 13: Discharge Drops off credit report Drops off credit report
 
1 week Seek counseling
 
Counseling must be taken within six months of filing at a government-approved nonprofit credit counseling agency:
  The cost is estimated at $50, but the fee can be waived depending on the debtor's circumstances.
  Delivered by phone, Internet or in person.
  Can take as long as 90 minutes.
Certificate is issued upon completion.
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-- Posted: June 20, 2006
 
 
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